Papal States 1816-B grosso

This type is listed for 1815-16 and was struck in Bologna and Rome. It is among the first issues of the restored Papal States after Napoleon's armies left. It is, however, the last of its denomination; it was superseded by a silver five baiocchi (KM 1321) in 1835. The early coinage of the Papal States used an antique monetary system. After 1830, five quattrini = one baiocco; 100 baiocchi = one scudo. In 1866, the currency was reformed to use centesimi and lire in order to match that of the surrounding kingdom of Italy. In 1870, the Papal States were occupied and annexed by the kingdom of Italy and coinage ceased until 1929.